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Dec 6, 2012
12/12
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richard schimel is the e ex-brother in law. lock capital management. two of those had already closed. level global has closed, in fact one of us founders, andrew chasen is on trial right now. diamondback went down to about $2 billion, but as of this morning, that is no long ter case. the hedge fund saying that given redemption requests came in about 26% of total asset ors $520 million. it would be left with $1.45 billion apparently that's just not enough to run the successful hedge fund. they did have 140 or so people working for them. not sure how much they have trended that. as of now, their seven-year track record at this point. but they have spending redemptions as you might expect. rushing all of the assets to fund holders. often times in these cases, you'll see people run out and look at 13, and say oh, what are they going to be selling? but they have already sold a lot in anticipation. so don't look for any ability there to kind of drive them even further down, because oftentimes they will sell their biggest positions. nonetheless, another large
richard schimel is the e ex-brother in law. lock capital management. two of those had already closed. level global has closed, in fact one of us founders, andrew chasen is on trial right now. diamondback went down to about $2 billion, but as of this morning, that is no long ter case. the hedge fund saying that given redemption requests came in about 26% of total asset ors $520 million. it would be left with $1.45 billion apparently that's just not enough to run the successful hedge fund. they...
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Oct 26, 2012
10/12
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the law doesn't necessarily distinguish like -- between those. i would think they would not have been better off saying nothing, but given the choice between saying nothing and lying, i think saying nothing was a better choice. >> usually is. harvey, appreciate it. thank you. >>> still ahead in the show, can a las vegas hotel room actually make you feel better? the mgn grande in sin city hoping to do just that. we'll take you live for the latest on mgm's stay well rooms. >>> vegas gets a first today. hotel rooms designed to make you more healthy. the 44 wellness rooms debut at the mgn grande. each room has features designed to reverse jet lag and better regulate your body, while they say removing toxins and allergens. the hope is that health-conscious travelers will pay 20% to 30% more to stay in them. we have the features, co-founder, and president and coo of mgm grande drove the project through. both of them joining us live. thank you for joining us. we actually sent a camera crew to the rooms. >> great. >> the first thing we shot here is the s
the law doesn't necessarily distinguish like -- between those. i would think they would not have been better off saying nothing, but given the choice between saying nothing and lying, i think saying nothing was a better choice. >> usually is. harvey, appreciate it. thank you. >>> still ahead in the show, can a las vegas hotel room actually make you feel better? the mgn grande in sin city hoping to do just that. we'll take you live for the latest on mgm's stay well rooms....
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Dec 7, 2012
12/12
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will the federal government seek to block the new law? we'll answer that. >>> let's get breaking news here. hedge fund john paulson hedge fund manager having another tough year. official numbers for the month of november. >> so november proved to be another difficult month for john paulson. his advantage fund which employees strategies from each of his individual strategies was down about 3.6% making it down more than 17% year-to-date through the month of november. that means his advantage plus fund which is a more levered version of that is likely now down more than 20% year-to-date through november. also his gold fund, a very difficult november down about 9.5% in gold, which leave it is down close to 30% year-to-date again through november. this is a very disappointing performance on an absolute basis but also on a relative basis. if you look at hrfx which is a hedge fund put together, it's flat and up about .4% year-to-date. certainly not screaming good performance but certainly better than how paulson is doing. and then if you look at
will the federal government seek to block the new law? we'll answer that. >>> let's get breaking news here. hedge fund john paulson hedge fund manager having another tough year. official numbers for the month of november. >> so november proved to be another difficult month for john paulson. his advantage fund which employees strategies from each of his individual strategies was down about 3.6% making it down more than 17% year-to-date through the month of november. that means his...
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Dec 12, 2012
12/12
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we cover politics, sports, media, law. it's an exciting opportunity. >> kevin, we'll be watching you very closely. trust me. kevin ryan, thanks so much for cupping in. >>> a new survey out this hour shows the corporate leaders are pretty cautious about next year. we'll talk to the president of the business roundtable, john engler. and the right to work law in michigan. sfx- "sounds of african drum and flute" look who's back. again? it's embarrassing it's embarrassing! we can see you carl. we can totally see you. come on you're better than this...all that prowling around. yeah, you're the king of the jungle. have you thought about going vegan carl? hahaha!! you know folks who save hundreds of dollars by switching to geico sure are happy. how happy are they jimmy? happier than antelope with night-vision goggles. nice! get happy. get geico. fifteen minutes could save you fifteen percent or more. i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to ca
we cover politics, sports, media, law. it's an exciting opportunity. >> kevin, we'll be watching you very closely. trust me. kevin ryan, thanks so much for cupping in. >>> a new survey out this hour shows the corporate leaders are pretty cautious about next year. we'll talk to the president of the business roundtable, john engler. and the right to work law in michigan. sfx- "sounds of african drum and flute" look who's back. again? it's embarrassing it's embarrassing!...
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Nov 15, 2012
11/12
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the sec will investigated whether henry steamcamp violated securities law in presenting fairly strong liquidity -- is ratings agency, the report saying the ratings agency did not per sue fundamental information. we know that mf global exposed those in footnotes but that should have been -- >>> coming up in this hour, congresswoman nan haworth who is the head of the oversight committee. >>> coming up next, honey i shrunk the bank. we'll sit down with one of those frustrated shareholders next. >>> plus where does the ceo of royal dutch shell see happening to the stock? we'll see in just a moment. ♪ ♪ ♪ [ male announcer ] 'tis the season to discover the kid in all of us. the memories that last, start with the gifts that last. ♪ enjoy free shipping and great values on your holiday shopping from l.l.bean. ♪ [ male announcer ] they are a glowing example of what it means to be the best. and at this special time of year, they shine even brighter. come to the winter event and get the mercedes-benz you've always wished for, now for an exceptional price. [ santa ] ho, ho, ho, ho! [ mal
the sec will investigated whether henry steamcamp violated securities law in presenting fairly strong liquidity -- is ratings agency, the report saying the ratings agency did not per sue fundamental information. we know that mf global exposed those in footnotes but that should have been -- >>> coming up in this hour, congresswoman nan haworth who is the head of the oversight committee. >>> coming up next, honey i shrunk the bank. we'll sit down with one of those frustrated...
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Nov 1, 2012
11/12
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all of our local board of elections are required under state law to file emergency plans for alternative voting sites, alternative paper ballot options. all kinds of contingencies are planneded for should something occur and we don't foresee any of those things happening, but i just want to reassure folks that in case something does happen, we're still prepared for that. >> if i am an ohio resident and i have cast my vote by mail, should i be concerned that during the hurricane, there's been in disruptions in the mail? what has been done to make sure those ballots are safe and secure? >> we have not experienced any disruption of postal service delivery as it relates to our ballots. in ohio if you have cast a ballot by mail and you're uncertain, you can actually contact the board of elections and they can verify that your ballot has been received and if it has not, they can accommodate you in another way. voters can validate the receipt of their ballots and we make it one of the most convenient -- we have accommodated the states for 35 days, we have had 1.2 million votes cast, of about 5.
all of our local board of elections are required under state law to file emergency plans for alternative voting sites, alternative paper ballot options. all kinds of contingencies are planneded for should something occur and we don't foresee any of those things happening, but i just want to reassure folks that in case something does happen, we're still prepared for that. >> if i am an ohio resident and i have cast my vote by mail, should i be concerned that during the hurricane, there's...
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Nov 29, 2012
11/12
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. >> for the outfit that got hurt entry.ou did have to put in an >> not to mention a lot of law firms and things that were down here as well, had a lot of documents, old documents that were downstairs. >> we're still really figuring out what the impact of sandy was. >> a terrific article about stockton today, housing shortages happening in very strange areas, that was in bloomberg.com. the claims are still okay. they're not terrible. gdp was not bad. that's why again, if you settle the fiscal cliff, right now there's a combination of trying to pick up the pieces, which turn out to be harder and a sense of, well, wait a second, if you're a big company, why hire now if i'm going to have to fire later because of the cliff. >> in the premarket session, shares of tiffany taking a hit. the luxury goods taking a hit at 49 cents a share. also lowing it's full year forecast, with smaller than expected profit margins, it's a bad product mix in terms of higher priced items with lower margins. all of those things hitting them this morning. >> i really want to know, we have got two companies today
. >> for the outfit that got hurt entry.ou did have to put in an >> not to mention a lot of law firms and things that were down here as well, had a lot of documents, old documents that were downstairs. >> we're still really figuring out what the impact of sandy was. >> a terrific article about stockton today, housing shortages happening in very strange areas, that was in bloomberg.com. the claims are still okay. they're not terrible. gdp was not bad. that's why again, if...
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Oct 17, 2012
10/12
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it confuses the marketplace, and that's what the securities laws are designed to prevent. >> if you were chairman of the s.e.c. now, would you order an investigation? >> i've lost the connection. >> can you hear me, mr. chairman? i think we've lost chairman pitt there. we will attempt to regain that audio connection in just a few moments time. let's take a break. copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm glad we're both running a nice, clean race. no need to get nasty. here's your "honk if you had an affair with taylor" yard sign. looks good. [ male announcer ] fedex office. now save 50% on banners. [ male announcer ] fedex office. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a hi
it confuses the marketplace, and that's what the securities laws are designed to prevent. >> if you were chairman of the s.e.c. now, would you order an investigation? >> i've lost the connection. >> can you hear me, mr. chairman? i think we've lost chairman pitt there. we will attempt to regain that audio connection in just a few moments time. let's take a break. copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow,...
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Sep 4, 2012
09/12
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it's law that just makes sense. the economy needs manufacturing. machines, tools, people making stuff. companies have to invest in making things. infrastructure, construction, production. we need it now more than ever. chevron's putting more than $8 billion dollars back in the u.s. economy this year. in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm proud of that. making real things... for real. ...that make a real difference. ♪ >> china fears? are they overblown? why he thinks a hard landing is not happening regardless of the manufacturing data out over the weekend. europe on sale. why the man who runs over $600 billion says he is buying, listen to this, spain's bonds. carl? we will see you at the top of the hour. >> okay. i will be interested to listen to that. take a look at facebook, $17.58 is the intraday low. may 18, you don't need to be reminded,was the ipo date. it is barely league as they say on the street today. for more than a decade on average, this has been one of the biggest losers in september. could the
it's law that just makes sense. the economy needs manufacturing. machines, tools, people making stuff. companies have to invest in making things. infrastructure, construction, production. we need it now more than ever. chevron's putting more than $8 billion dollars back in the u.s. economy this year. in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm proud of that. making real things... for real. ...that make a real difference. ♪ >> china fears? are they...
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Oct 1, 2012
10/12
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that it is really about public employee unions because the private unions are protected by federal law, but what this question is on the ballot is basically saying that the rights of collective bargaining apply to all public employees, so let's take it one step further. what it really means is when it comes to michigan and the state government's ability to say, look, foodservice in the schools will be handled by private companies, bus transportation handled by private companies, what you're looking at is 2 to $3 billion in additional costs onto the state government in michigan calling collective bargaining a state protected right for state union employees, and so number one, this is a huge issue for the state of michigan. it is big for the governor. i think that if you look at what's happened in wisconsin, you're going to see hopefully the same level of success over in michigan. people understand that while we're -- >> we're a little short on time. i hate to cut you off here. there is going to be interesting questions at this week's debate and i would like to have you back next week to
that it is really about public employee unions because the private unions are protected by federal law, but what this question is on the ballot is basically saying that the rights of collective bargaining apply to all public employees, so let's take it one step further. what it really means is when it comes to michigan and the state government's ability to say, look, foodservice in the schools will be handled by private companies, bus transportation handled by private companies, what you're...
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Dec 11, 2012
12/12
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doesn't want a deal. >> reporter: his contention is it's worked in florida where they do have sunshine laws. >> great. but i just think that at this stage of a fiscal cliff to go and have a -- what are we going to have? a reality show here? let everybody and their brother show up? we'll have snooki -- >> "jersey shore" all over again. >> "housewives of washington, d.c.." they can come in, too. >> reporter: not a bad idea. >> that's great entertainment. but part of our problem with governing today is some people view this as entertainment. there are real people out there that are suffering. there's going to be as you know better than anyone real consequences if this thing doesn't get settled in a very short period. that's not right. this is what people were elected to do. do the hard things. make the tough decisions and move on. the american people want that. >> reporter: bill, we had senator conrad with us earlier today. he suggested along with senators warner and senators corker that if we don't get $4 trillion plus in terms of the total package that's between revenue cuts -- or spending c
doesn't want a deal. >> reporter: his contention is it's worked in florida where they do have sunshine laws. >> great. but i just think that at this stage of a fiscal cliff to go and have a -- what are we going to have? a reality show here? let everybody and their brother show up? we'll have snooki -- >> "jersey shore" all over again. >> "housewives of washington, d.c.." they can come in, too. >> reporter: not a bad idea. >> that's great...
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Nov 26, 2012
11/12
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you get to debt exchanges such as what occurred with greece if this is the case and there can be case law said that you have to pay interest to those who didn't exchange, it may make those kind of exchanges far more difficult. >> i listened to your breaking story on friday. i said i don't understand the jurisdiction. how does a federal court tell argentina what to do? >> i think it also comes back to the payment bank of new york as the third party transferrer of funds from argentinean government forcing them to -- it's a good question. i can't say that i can absolutely answer it definitively for you. >> could the federal court order the deposition of the head of iraq? let's get him in here. let's depose him. >> there's some standing questions there. no question about that. >> i just find that argentina may be -- argentina is doing a lot of things behind the scenes with tariffs and very tough on american business people. are they going to say a federal court judge, they're going to hold us in contempt? what does he got? how many divisions does the federal court judge have? >> they can forc
you get to debt exchanges such as what occurred with greece if this is the case and there can be case law said that you have to pay interest to those who didn't exchange, it may make those kind of exchanges far more difficult. >> i listened to your breaking story on friday. i said i don't understand the jurisdiction. how does a federal court tell argentina what to do? >> i think it also comes back to the payment bank of new york as the third party transferrer of funds from...